https://www.taxtmi.com/caselaws?id=173613 The tribunal allowed the appeal filed by BIL and dismissed the appeals filed by the Revenue. It concluded that JRE was an independent manufacturer, and the relationship between JRE and BIL was on a principal-to-principal basis. The assessable value was determined based on the price charged by JRE to BIL, and the deductions claimed by BIL were upheld. The conversion of JRE into JRCE did not alter the relationship, and the assessments were finalized without imposing penalties. en-us Thu, 27 Mar 2003 00:00:00 +0530 Fri, 18 Sep 2015 16:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173613 The tribunal allowed the appeal filed by BIL and dismissed the appeals filed by the Revenue. It concluded that JRE was an independent manufacturer, and the relationship between JRE and BIL was on a principal-to-principal basis. The assessable value was determined based on the price charged by JRE to BIL, and the deductions claimed by BIL were upheld. The conversion of JRE into JRCE did not alter the relationship, and the assessments were finalized without imposing penalties. Case-Laws Central Excise Thu, 27 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173613